Waves is a decentralized cryptocurrency exchange built on Waves open-source blockchain platform. The platform differs from other exchanges because it is built on a blockchain and is used not only for the exchange of digital assets but for crowdfunding through ICOs as well.
Waves was developed by Sasha Ivanov in 2016. The platform was gone under some changes and beta development, and was previously known as WavesDEX.
Waves is not regulated. Considering the nature of its blockchain foundation, the exchange is not likely to be regulated ever.
Waves has proven itself to be a reliable and trustworthy exchange over the years. Funds are not held on the platform itself, but instead in users personal cryptocurrency wallets.
The platform was developed entirely from the ground up, and is mostly web-based. Anyone can create an account with Waves and stay completely anonymous while participating in peer to peer trading. The platform interface is very well designed and looks similar to industry leading exchanges. As well, the trading platform features real-time order matching and utilizes secure blockchain settlements for security.
Waves web-based interface is compatible with mobile devices also. Features can be used on both, and the interface looks and feels the same. The platform also offers a Waves wallet application.
Waves offers basic buy and sell orders, and does not support advanced trading types. A unique feature is that users can create their own token through the platform and sell it on the exchange.
The platform has a very low transaction fee, and trades are carried out with low latency. Traders store and hold the cryptocurrencies they trade in their own personal Waves Client wallet. Therefore, traders are not subject to hefty deposit and withdrawal fees that are common on other cryptocurrency exchanges.
Waves customer support is somewhat limited, as the team focus on development. Support offered includes email tickets, and social media channels such as Facebook, Reddit, Telegram, and Twitter. There is also an extensive FAQ.
Overall, Waves is an excellent decentralized cryptocurrency exchange. Under the hood, it is one of the most advanced given its in-house blockchain developments.
Protecting Your Cryptocurrency And Staying Safe on Waves
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